Given the following data for Jamrock country work out the following: US$mn. Private Consumption expenditure 300 Gross Fixed Capital Formation 50 Net Changes in Physical Stocks - 20 Government expenditure 120 Exports of Goods and Services 80 Imports of Goods and Services 50 Indirect taxes/taxes on expenditure 40 Subsidies 30 Net Factor Income payments from abroad + 15 Depreciation 25 iii. Gross National Product at factor cost value iv. Net National Income

Given the following data for Jamrock country work out the following: US$mn. Private Consumption expenditure 300 Gross Fixed Capital Formation 50 Net Changes in Physical Stocks - 20 Government expenditure 120 Exports of Goods and Services 80 Imports of Goods and Services 50 Indirect taxes/taxes on expenditure 40 Subsidies 30 Net Factor Income payments from abroad + 15 Depreciation 25 iii. Gross National Product at factor cost value iv. Net National Income

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 9P

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Given the following data for Jamrock country work out the following: US$mn. Private Consumption expenditure 300 Gross Fixed Capital Formation 50 Net Changes in Physical Stocks - 20 Government expenditure 120 Exports of Goods and Services 80 Imports of Goods and Services 50 Indirect taxes/taxes on expenditure 40 Subsidies 30 Net Factor Income payments from abroad + 15 Depreciation 25 i. Gross Domestic Product at market prices ii. Gross Domestic Product at factor cost value
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